Recommended Free Tools
Packages Group has completed its acquisition of AkzoNobel’s Pakistan Decorative Paints and liquid Coatings businesses. AkzoNobel named IGI Investments (Pvt.) Limited, part of Packages Group, as the buyer. The seller reported an enterprise value of approximately €50 million (PKR 16.2 billion), or 14 times EV/EBITDA.
Who acquired AkzoNobel Pakistan?
AkzoNobel named IGI Investments (Pvt.) Limited, a member of Packages Group, as the buyer. AkzoNobel announced completion on 30 September 2026, and Packages Group confirmed completion on 2 October 2026. The deal is therefore closed, rather than still nearing an agreement. AkzoNobel’s completion announcement and Packages Group’s notice confirm the closing.
What did the sale include?
The completed transaction covers AkzoNobel’s Pakistan Decorative Paints and liquid Coatings businesses, according to AkzoNobel. The earlier agreement announcement described Akzo Nobel Pakistan Limited as mainly a Decorative Paints business. It also said future Coatings activities under Packages Group ownership would be subject to royalties. The announcements do not specify a royalty rate or further terms. AkzoNobel’s agreement announcement
How much was the deal worth?
AkzoNobel reported an enterprise value of approximately €50 million (PKR 16.2 billion) and a valuation of 14 times EV/EBITDA. These are the seller’s disclosed transaction figures. Enterprise value is not the same as equity value; the announcement does not disclose a separate final cash consideration. AkzoNobel’s completion announcement
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
#1 Best Overall
Why did the regulator approve the acquisition?
Pakistan’s Competition Commission announced approval on 25 August 2026 after a Phase-I review. It identified decorative coatings (paint) and industrial coatings as the relevant product markets and Pakistan as the geographic market. The CCP described the market as fragmented and concluded the acquisition was unlikely to materially enhance market power, impede competitors or substantially lessen competition. That is the regulator’s assessment. Competition Commission of Pakistan announcement
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What happens after the sale?
AkzoNobel’s stated rationale
AkzoNobel said the divestment was part of its strategic portfolio review and its effort to focus resources on leading positions in key global markets. CEO Greg Poux-Guillaume called the closing “another important milestone in the execution of our ongoing strategic portfolio review.” AkzoNobel’s completion announcement
Rank #2
- Protects all metals
- Can be painted directly on rust
- 3-in-1, rust protection, primer and varnish in one
- Extremely stable in colour and shine
Packages Group’s stated priority
Packages Limited CEO and Managing Director Syed Hyder Ali said the immediate priority was continuity for employees, customers, distributors and partners. The completion announcement does not provide a detailed integration timetable or quantified investment plan, so no specific changes to operations or investment commitments can be inferred from it. AkzoNobel’s completion announcement
Quick Recap
Best Value
- Protects all metals
- Can be painted directly on rust
- 3-in-1, rust protection, primer and varnish in one
- Extremely stable in colour and shine
Rank #4
- Protects all metals
- Can be painted directly on rust
- 3-in-1, rust protection, primer and varnish in one
- Extremely stable in colour and shine
Rank #3
- Fresh look in no time at all
- Can be used without primer
- Easy to use with beautiful surface results
- 8 trendy fresh shades, can be mixed with each other
- Make new from old
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
